20th September: A briefing note on the upcoming amalgamation with NEFirst CU has now gone out to all members. If you have not received one – or you have any queries – please don’t hesitate to get in touch.
11th September: As at the end of August, we had:
- 450 members (407 adult, 43 junior)
- Total savings of £202,800 with £97,400 out on loan
- and over the past three months, we have made 21 loans totalling £38,800
31st August: A total of 24 members came to the second Special General Meeting on 30th – and voted unanimously for the transfer of engagements. This means that the transfer will go ahead and wef 1st October (assuming we can meet the deadline), Northumberland Credit Union will be joining NEFirst CU and all our members will become NEFirst CU members with their shares and loans transferred.
17th August: A total of 33 members came to the first Special General Meeting on 16th – and voted unanimously for the transfer of engagements, though only after a very searching question & answer session with Peter Mackie, Chair of NE First CU
Do please come along to this second Special General Meeting (attendance is not either/or) when we hope to have Mick Davison, Treasurer of NEFirst CU along.
14th August: Please make every effort to attend either or both the Special General Meetings on 16th and 30th August to have your say and vote on the proposed transfer of engagements.
24th July: Important: The Board are recommending a transfer of engagements (co-op speak for “merger”) with NEFirst Credit Union. This proposal will be put to the members at two Special General Meetings on 16th and 30th August.
19th July: Regretfully, the paying-in point at the Berwick Youth Project has had to close. We are looking for a new location for a Berwick PiP as a matter of urgency.
29th June: Changes to Office Hours – with effect from 1st August, the Stobhill office will be open Weds, Fri and 2nd & 4th Mondays of the month 9am – 12noon. The Stobhill Paying-In Point (PiP) will still operate on Tuesdays 10am – 12noon.
22nd April: Coming up on Lionheart Radio tomorrow 5pm… Have you ever wondered what a Credit Union is for? Why is it different from a bank? How can it save people from going to payday lenders, or loan sharks? What does it mean to join a Credit Union? To find out, and to learn more, join Simon Nolan on Monday Mix in a conversation with Chris Wilson who runs the Alnwick branch of the Northumberland Credit Union.
30th March: We don’t routinely do instant loans – but we do have a pot of money called the “Repossession Prevention Fund” which is available to give five year interest-free loans to people in mortgage or rent arrears. It isn’t suitable for people in deep debt trouble – since you have to repay the loan AND continue to keep up with your ongoing mortgage or rent payments.
Eligibility for loans is assessed by the Citizens’ Advice Bureaux – we just manage the loans – so contact your CAB (in Northumberland) if interested.
19th March: Opening hours at our Stobhill office and now back to normal – the Mondays and Fridays plus 2nd & 4th Wednesdays 9am – 12noon – and the Morpeth-Stobhill paying-in point Tuesdays 10-12noon.
Emails and phone messages will be regularly monitored and all other paying-in points continue to operate normally.
27th February: AGM postponed till Thursday 22nd March due to heavy snow across the county
3rd February: Due to staff convalescence, our Stobhill office will only be open Tuesdays 10-12noon, Wednesdays 9-12noon and Fridays 9am-12noon until the end of February.
Emails and phone messages will be regularly monitored and all the paying-in points will be operating normally.
5th January: The newsletter and Annual statements will be going out to all members shortly. You can also download the newsletter here.
2nd January: A Happy and financially stable 2018 from all at Northumberland Credit Union
14th December: Our Office in Stobhill will be closed for Christmas from noon on Tuesday 19th Dec until 9am on Monday 9th January. Emails to email@example.com and phone messages will be monitored over the holiday season.
2nd October 2017: Welcome to our refurbished and relaunched website. Do let us know what you think of it! We welcome suggestions for improvements.
1st October 2017: Our loan interest rate increases to 1.25% per calendar month on the outstanding balance (16.1% APR) from today. This is due to the loss of grantfunding from Northumberland CC, but we believe it is still one of the lowest interest rates available for loans up to £3000. Pre-existing loans will continue to be charged at 1% interest per calendar month.